Dean Foods Company and some of its subsidiaries have entered into an asset purchase agreement with Dairy Farmers of America by which DFA will acquire a substantial portion of Dean Foods’ business operations. If the agreement is approved, DFA will acquire 44 of the Dean Foods’ fluid and frozen facilities and the real estate, inventory, equipment, and all other assets necessary to operate such facilities (aka the “Stalking Horse Assets”).
“We have had a relationship with DFA over the past 20 years, and we are confident in their ability to succeed in the current market and serve our customers with the same commitment to quality and service they have come to expect,” says Eric Beringause, president and chief executive officer of Dean Foods.